American Century Companies Inc. Has $162.95 Million Position in Guidewire Software, Inc. $GWRE

Key Points

• American Century Companies Inc. reduced its stake in Guidewire Software by 25.8%, now owning 869,698 shares valued at approximately $162.9 million.
• In the first quarter, several institutional investors increased their positions in Guidewire, with SBI Securities Co. Ltd. boosting its stake by 403.8%.
• Guidewire Software reported strong earnings, with $0.88 EPS for the last quarter, surpassing the consensus estimate and demonstrating a 22% year-over-year revenue growth.

American Century Companies Inc. lowered its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 25.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 869,698 shares of the technology company's stock after selling 303,062 shares during the quarter. American Century Companies Inc. owned 1.04% of Guidewire Software worth $162,947,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Ethic Inc. boosted its stake in Guidewire Software by 7.3% in the 1st quarter. Ethic Inc. now owns 9,037 shares of the technology company's stock valued at $1,722,000 after buying an additional 618 shares in the last quarter. Prudential PLC raised its position in shares of Guidewire Software by 10.4% during the 1st quarter. Prudential PLC now owns 8,449 shares of the technology company's stock valued at $1,583,000 after acquiring an additional 796 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of Guidewire Software by 2.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock valued at $689,000 after purchasing an additional 80 shares during the period. HighTower Advisors LLC boosted its position in shares of Guidewire Software by 5.2% in the 1st quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company's stock worth $1,726,000 after purchasing an additional 456 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Guidewire Software during the first quarter worth $978,000.

Analysts Set New Price Targets

GWRE has been the topic of several analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a research note on Monday, June 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Raymond James Financial boosted their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Oppenheimer raised their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus lifted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software Stock Performance

NYSE:GWRE traded down $1.7960 on Tuesday, hitting $213.2140. The company's stock had a trading volume of 647,311 shares, compared to its average volume of 968,576. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a one year low of $142.94 and a one year high of $263.20. The stock has a fifty day moving average of $228.66 and a two-hundred day moving average of $211.63. The firm has a market capitalization of $17.95 billion, a P/E ratio of 533.04, a price-to-earnings-growth ratio of 14.91 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The company's revenue was up 22.0% on a year-over-year basis. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $211.61, for a total transaction of $296,254.00. Following the transaction, the chief executive officer owned 226,068 shares in the company, valued at $47,838,249.48. This represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 799 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $211.61, for a total value of $169,076.39. Following the completion of the sale, the insider owned 36,642 shares of the company's stock, valued at approximately $7,753,813.62. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,541 shares of company stock valued at $6,034,187. 0.48% of the stock is currently owned by corporate insiders.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.